BILL ANALYSIS

 

 

Senate Research Center                                                                                                      S.B. 1827

                                                                                                                                      By: Whitmire

                                                                                                               Intergovernmental Relations

                                                                                                                                              4/8/2005

                                                                                                                                              As Filed

 

 

AUTHOR'S/SPONSOR'S STATEMENT OF INTENT

 

Currently, applicants for low income housing tax credit are evaluated by a point system which includes evaluations based on written statements by state elected officials.  As proposed, S.B. 1827 removes the ability to gain or subtract points from a tax credit application based on written statements by state elected officials.  

 

RULEMAKING AUTHORITY

 

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

 

SECTION BY SECTION ANALYSIS

 

SECTION 1.  Amends Section 2306.6710(b), Government Code, to require the Texas Department of Housing and Community Affairs (department), if an application satisfies the threshold criteria, to score and rank the application using a point system that uses certain criteria and prioritizes certain criteria in descending order.  Deletes text providing that community support for the application, evaluated on the basis of written statements from state elected officials, is among the listed criteria.    

 

SECTION 2.  Repealer: Sections 2306.6710(f) and (g) (Evaluation and Underwriting of Applications), Government Code.

 

SECTION 3.  Makes application of this Act prospective. 

 

SECTION 4.  Effective date: September 1, 2005.